Jenny Rhose E. Rizarre FAR 3
3rd year- BSA Correspondence Learner
TASK 1: Give the definition of each of the classes of corporation and identify
one local corporation as an example. (50 PTS)
CLASSES OF CORPORATION
STOCK AND NON-STOCK
STOCK CORPORATION
-is one whose ownership is divided into units called shares or capital stock
EXAMPLE: Ayala Corporation
NON-STOCK CORPORATION
-is one that is not organized for profit
EXAMPLE: Habitat for Humanity
AS TO NATIONALITY
